Protecting Investors

This topic measures the strength of minority shareholder protections against misuse of corporate assets by directors for their personal gain.

The table below shows the main indicators. They include:
  • transparency of transactions (Extent of Disclosure Index)
  • liability for self-dealing (Extent of Director Liability Index)
  • shareholders’ ability to sue officers and directors for misconduct (Ease of Shareholder Suit Index)
  • strength of Investor Protection Index (the average of the three index)
To see the details for a specific economy, use the dropdown box on the right or click on the links below. Click on column headers to sort data.

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Research

The Law and Economics of Self-Dealing (PDF, 816KB), by Djankov and others, Journal of Financial Economics, June 2008.
Region or EconomyDisclosure IndexDirector Liability IndexShareholder Suits IndexInvestor Protection Index
East Asia & Pacific5.04.46.35.2
Eastern Europe & Central Asia4.93.86.35.0
Latin America & Caribbean4.25.06.05.1
Middle East & North Africa5.84.73.64.7
OECD6.45.16.56.0
South Asia4.34.36.45.0
Sub-Saharan Africa4.73.15.04.3
Afghanistan0020.7
Albania0532.7
Algeria6645.3
Angola5665.7
Antigua and Barbuda4876.3
Argentina6264.7
Armenia5285.0
Australia8275.7
Austria3544.0
Azerbaijan4184.3
Bangladesh6776.7
Belarus5184.7
Belgium8677.0
Belize3464.3
Benin6133.3
Bhutan5344.0
Bolivia1564.0
Bosnia and Herzegovina3665.0
Botswana8234.3
Brazil6735.3
Brunei3284.3
Bulgaria10176.0
Burkina Faso6143.7
Burundi4153.3
Cambodia5925.3
Cameroon6164.3
Canada8988.3
Cape Verde1564.0
Central African Republic6154.0
Chad6154.0
Chile7656.0
China10145.0
Colombia8296.3
Comoros6154.0
Congo, Dem. Rep.3343.3
Congo, Rep.6133.3
Costa Rica2523.0
Côte d'Ivoire6133.3
Croatia1564.0
Czech Republic2585.0
Denmark7576.3
Djibouti5202.3
Dominica4876.3
Dominican Republic5074.0
Ecuador1564.0
Egypt7355.0
El Salvador5264.3
Equatorial Guinea6143.7
Eritrea4554.7
Estonia8466.0
Ethiopia4454.3
Fiji3876.0
Finland6475.7
France10155.3
Gabon6133.3
Gambia2152.7
Georgia8646.0
Germany5555.0
Ghana7566.0
Greece1353.0
Grenada4876.3
Guatemala3364.0
Guinea6112.7
Guinea-Bissau6154.0
Guyana5565.3
Haiti2343.0
Honduras1543.3
Hong Kong, China10899.0
Hungary2474.3
Iceland5565.3
India7476.0
Indonesia9535.7
Iran5403.0
Iraq4544.3
Ireland10698.3
Israel7998.3
Italy7465.7
Jamaica4845.3
Japan7687.0
Jordan5444.3
Kazakhstan7195.7
Kenya32105.0
Kiribati6576.0
Korea7275.3
Kuwait7756.3
Kyrgyz Republic8196.0
Lao PDR0321.7
Latvia5485.7
Lebanon9155.0
Lesotho2183.7
Liberia4163.7
Lithuania5465.0
Luxembourg6434.3
Macedonia, FYR5645.0
Madagascar5665.7
Malawi4755.3
Malaysia10978.7
Maldives0885.3
Mali6133.3
Marshall Islands2083.3
Mauritania5333.7
Mauritius6897.7
Mexico8556.0
Micronesia0082.7
Moldova7164.7
Mongolia5866.3
Montenegro5866.3
Morocco6213.0
Mozambique5496.0
Namibia5565.3
Nepal6195.3
Netherlands4464.7
New Zealand109109.7
Nicaragua4565.0
Niger6133.3
Nigeria5755.7
Norway7676.7
Oman8535.3
Pakistan6676.3
Palau0082.7
Panama1494.7
Papua New Guinea5586.0
Paraguay6565.7
Peru8576.7
Philippines1283.7
Poland7296.0
Portugal6576.0
Puerto Rico7687.0
Romania9546.0
Russia6275.0
Rwanda2512.7
Samoa5686.3
São Tomé and Principe5164.0
Saudi Arabia7735.7
Senegal6123.0
Serbia7635.3
Seychelles4855.7
Sierra Leone3654.7
Singapore10999.3
Slovakia3474.7
Slovenia3886.3
Solomon Islands3775.7
South Africa8888.0
Spain5645.0
Sri Lanka4575.3
St. Kitts and Nevis4876.3
St. Lucia4876.3
St. Vincent and the Grenadines4876.3
Sudan0653.7
Suriname2052.3
Swaziland0152.0
Sweden6475.7
Switzerland0543.0
Syria6524.3
Taiwan, China7455.3
Tajikistan0051.7
Tanzania3485.0
Thailand10266.0
Timor-Leste3454.0
Togo6143.7
Tonga3384.7
Trinidad and Tobago4976.7
Tunisia0463.3
Turkey8445.3
Uganda2554.0
Ukraine1373.7
United Arab Emirates4724.3
United Kingdom10778.0
United States7998.3
Uruguay3485.0
Uzbekistan4634.3
Vanuatu5655.3
Venezuela3322.7
Vietnam6022.7
West Bank and Gaza6576.0
Yemen6424.0
Zambia3675.3
Zimbabwe8144.3